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Thursday, April 22, 2009
Hello,
As Spring kicks in to high gear, it's a good time to clean out the bad, and sweep in the best, business practices. The rough economy has many small businesses facing difficult cash flow positions. To help out, in this issue of eNews we share "The 5 Rules of How to Improve Cash Flow".
We've got an invitation to Houston's QuickBooks User Conference and share a QuickBooks tip to a problem that is becoming more common place - what to do if you have data corruption problems. This is the most recent post in our new blog, where we share great lessons learned from serving hundreds of clients at GrowthForce.
We also will share this month's Vistage tip on creating a great elevator pitch, upcoming webinars and other announcements. So Spring ahead with this issue of eNews.
GrowthForce has studied the best practices for helping small businesses improve their cash flow and we've summarized them into a new white paper. The five rules are:
- Prevent cash flow problems before they happen
Many businesses are not smart about how they go about taking on new clients. If you are not getting paid up front for your services then you are giving your clients a loan. Find out what you should be checking before extending credit to your clients.
- Get money faster
Some small business owners often don't want to accept credit cards because of the merchant account fees. For many businesses accepting credit cards is a great return on investment for your business.
Find out if you are one of them.
- Implement best practices for collections
Small businesses often wait 30 days to initiate a collection call with a past due client. Find out why this is a mistake and how to change the dynamics of the collection process. You will also find out how this will improve your customer service at the same time.
- Be ready for collections objections
Another best practice is to arm the person making collection calls with a list of common objections and ways to overcome them. You'll see how to demonstrate that your business is serious about high quality service and also serious about getting paid.
- Manage your payroll expenses wisely
Find out how implementing best practices of managing your payroll expenses will help your cash flow.
Click here to read our full report on The Five Rules to Improve Cash Flow and discover why using these best practices can lead to improved cash flow.
Intuit is sponsoring the first QuickBooks User Conference in Houston on Wednesday, May 12th and GrowthForce has been chosen as one of three organizers. Dubbed "Plug Into the Power of QuickBooks", this conference is a unique opportunity to educate you and your staff on how to unleash the power of the most popular Intuit products and add-ons.
We'll have four tracks: Basic QuickBooks, Advanced QuickBooks, Managing Your Practice and Extending QuickBooks, for users of all levels and industries. Come and learn everything from the newest 2010 features to help your business grow and advanced automation tools you never knew existed. CPAs get 5 hours CPE credit.
Registration Details
The registration fee is $225 per person but friends of GrowthForce are eligible for $25 discount. Register at www.qbookusers.com with ID Code GF25 to receive this discount. Feel free to pass this discount code on to anyone who might want to attend.
There are discounted hotel rates at the Crowne Plaza Houston for out of town conference attendees. For reservations, click here.

GrowthForce CEO Stephen King has been named to the Board of Directors of The Texas Society of Certified Public Accountants (TSCPA). TSCPA is a nonprofit, voluntary, professional organization representing Texas CPAs. TSCPA has 20 local chapters statewide and has 28,000 members, the largest in-state membership of any CPA organization in the nation. The Society is committed to serving the public interest with programs that advance the highest standards of ethics and practice within the CPA profession.
Steve has been serving on the Board of The Houston CPA Society, a Society of the Texas Society of Certified Public Accountants since April 2009. With this new nomination, he takes on a larger role helping to guide the direction of the Board on both a local and state level.
Steve has been instrumental in providing guidance to the Board of The Houston CPA Society. His outreach to local businesses and organizations has played a key role in creating valuable alliances. We are pleased he will now bring the same level of energy and vision to the state level," said Nancy A. Rutledge, Houston CPA Society Executive Director.
Every month we share one of the many tips we get as a member of Vistage.
Do you have a great concise response when someone asks "So ... tell me what you do again?"
If not, then you need to polish your elevator speech and Vistage has some great recommendations. Click here for "How to Develop the Perfect Elevator Speech".
Vistage is the world's largest CEO peer group made up of CEOs who help each another make better decisions, achieve better results for their businesses and enhance their lives. They collaborate over the Web, receive one-on-one coaching, attend peer group monthly meetings, tap into a vast online resource library and learn from expert speakers. Click here to visit the website for information about Vistage.
Click here if you'd like more information about GrowthForce's outsourced bookkeeping and controller services
call 281-358-2007 or visit our website at GrowthForce.com. *GrowthForce is not a CPA firm.
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